European Factors to Watch-Shares seen opening marginally lower

MILAN Nov 23 (Reuters) - European stocks were seen opening marginally lower
on Monday following a mixed showing in Asia overnight, as the euro fell to a
seven-month low but worries about Chinese demand weighed on commodity prices and
oil slumped on concerns over global supply surplus.

Futures for the Euro STOXX 50, Germany's DAX and France's
CAC were down 0.09-0.20 percent, while futures for Britain's FTSE 100
were 0.7 percent.

In Asia, where activity was crimped by a holiday in Japan, MSCI's broadest
index of Asia-Pacific shares outside Japan fell 0.2 percent,
while South Korea's main index gained 0.7 percent.

On Friday European shares ended their strongest week in a month with a
benchmark index rising to three-month highs, helped by growing expectations of
more ECB stimulus.

Drug stocks could come into the spotlight following merger news from U.S.
rivals Pfizer and Allergan, while UK defence plays could be supported by plans
by Britain to buy more jets and boost anti-terrorism budget.